No takers for build-and-sell concept houses in Johor
17/09/2007 The Star By MEERA VIJAYAN

JOHOR BARU: There have been no takers for the Build and Sell concept in Johor since its launch earlier this year.

Local Government and Health Committee chairman Datuk Halimah Sadique told the state assembly Monday that not a single developer had come forward to submit applications under that concept from the time it was launched on April 12.

“As of August 31, there have been no applications,” she said adding that there were two variations to the concept.

Under the first variation, the developer only sells the house once all the housing units are completed, including the Certificate of Completion and Compliance (CCC). The buyer is not required to pay any deposits or payment in phases.

Under the second, developers are allowed to collect only 10 percent of payment, with the balance only collectable upon completion with the CCC.

She was responding to a question from Cheong Chin Liang (BN-Bukit Batu) who asked about the status of the concept, considered as the best alternative to protect homebuyers in the state.